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1. Kviris Palitra: “GREAT PROCURATORIZATION OF NATIONAL BANK IS LAUNCHED?”
   (Economic Press Monitor: May 14, 2012)

   Amendments to bill “On National Bank of Georgia” permit membership of the bank board for local and foreign citizens, professionals of economics, finance or other relevant fields, known with exceptional honesty. The number of such “other relevant fields” professionals should not exceed two.

2. “SAKARTVELOS BANKI” TO HOLD SHOPPING WEEK FOR AMEX CARDHOLDERS
   (Daily News: May 11, 2012)

   Sakartvelos Banki (Bank of Georgia) reported that holders of American Express cards will enjoy shopping week on May 12-21. During the action, cardholders will enjoy discounts of up to 50% in 70 different shops and service outlets, located on Peking Street in Tbilisi.

3. NUMBER OF “SOLO” CLIENTS OF “SAKARTVELOS BANKI” RAISED BY 50.6% DURING A YEAR
   (Daily News: May 11, 2012)

   Sakartvelos Banki (Bank of Georgia) reported that number of clients of its personal banking service SOLO made up 4,041 as of March 31, 2012. The number has increased by 50.6% (i.e. by 1,358 clients) year-on-year.

4. Rezonansi: “PUBLISHING OF UGULAVA’S MAGAZINE COST UP TO MILLION LARI”
   (Economic Press Monitor: May 10, 2012)

   Tbilisi News magazine is distributed for free among population of Tbilisi. According to the newspaper’s calculations, such a high-quality publishing work should cost about 996,000 lari.

5. “MILLENIUM” TO OPERATE TBILISI HOTEL OF “DHABI GROUP”
   (Daily News: May 8, 2012)

   Tbilisi City Hall informed that Arabian Dhabi Group starts building of hotel in Tbilisi, investing $40 million for that end. Construction is planned to complete within 2 years, after which the hotel will be operated by Millenium chain.

6. GREEK “AEGEAN AIRLINES” TO START FLIGHTS TO GEORGIA
   (Daily News: May 8, 2012)

   Georgian Civil Aviation Agency declared that Greek air carrier Aegean Airlines plans to perform flights on Athens-Tbilisi-Athens route. Directs flights will be made 2 times a week.

7. ADDRESSING PROJECT IS TO BE IMPLEMENTED IN RUSTAVI AS WELL
   (Daily News: May 8, 2012)

   Ministry of Justice, implementing addressing project in Tbilisi, launches similar works in Rustavi as well. According to the Ministry’s Agency of Public Registry, the works will be implemented by company Meter, selected through tender.

8. ILIA UNIVERSITY: MOST EXPENSIVE DRUGS ARE IN “36.6” CHAIN, WHILE MOST CHEAP – IN “PHARMADEPO”
   (Daily News: May 3, 2012)

   According to Economic Research and Consulting Center of Ilia State University, the highest price for drugs was fixed in 36.6 drugstore chain, while the lowest – in PharmaDepo.

   For its research, the Center had selected large chain drug stores in Tbilisi, such as Aversi, PSP, GPC, City Pharma, Pharmacenter, PharmaDepo, NeoPharm, 36.6, People’s Drug Store, Parmagidi.

9. “DEXUS” RESUMED CONSTRUCTION OF MORE 3 FROZEN OBJECTS
   (Daily News: May 3, 2012)

   Management company Dexus resumed construction of more 3 objects, suspended by Center Point. The matter concerns 2 complexes in Tbilisi and holiday complex in Likani resort.

10. Versia: “IS MERAB KOSTAVA’S YARD SOLD AND WHAT RELATIONS GIGI TEVZADZE AND TEDO PAATASHVILI HAVE WITH ARABIAN INVESTORS”
    (Economic Press Monitor: May 2, 2012)

    The author of the article dips whether the information, spread recently in the press, is correct, that either Turkish or Arabian investors are interested in territory of house-museum of Merab Kostava (famous leader of Georgian national-liberation movement).

    Library of Pedagogical Institute, which is owned by Ilia State University, is locating in the same area (Tbilisi, Zandukeli Str. 1).

11. Rezonansi: “BUSINESS OF HALF-MILLION, FINE OF 100 LARI AND NONE OF THE FULFILLED TERMS”
    (Economic Press Monitor: May 2, 2012)

    The vast article reports about circumstances of the tenders, which was held on transporting passengers by mini-buses in Tbilisi. This material is supported by Danish Association of Investigative Journalism.

12. TBILISI ACCOUNTS FOR 78% OF ISSUED CREDITS
    (Daily News: May 1, 2012)

    According to National Bank of Georgia, Tbilisi continues accounting for the lion’s share of issued credits. As of March 1, credits of 5.97 billion lari (i.e. 78% of total volume) were issued in the capital, increasing by 20.4% year-on-year.

13. INDIAN INVESTORS GOT INTERESTED IN GEORGIA’S TOURIST INFRASTRUCTURE
    (Daily News: May 1, 2012)

    Georgia’s National Investment Agency reported that group of potential investors from South India, being interested in tourist infrastructure development, have arrived to Georgia. The Indians are interested in Tbilisi, Anaklia and Kakheti region, while expected investments will make up about $10 million.

14. FLIGHT PERMISSIONS ISSUED TO 22 FOREIGN AIR COMPANIES
    (Daily News: April 30, 2012)

    Permissions for summer flights have been issued to 22 foreign air carriers. There is still single Georgian company on the market (Georgian Airways).

15. AIR PASSENGERS TRAFFIC IN GEORGIAN AIRPORTS INCREASED BY 25%, WHILE CARGO SHIPMENT – BY 9%
    (Daily News: April 30, 2012)

    According to Georgian Civil Aviation Agency, airports of the country have transferred 247,450 passengers in the 1^st quarter. If compared with the same period of 2011, the figure is by 25.1% up.

16. TWO OBJECTS ARE ON SALE IN TBILISI’S DIDUBE-CHUGURETI DISTRICT
    (Daily News: April 27, 2012)

    Economy and Sustainable Development Ministry put 2 large objects, located in Didube-Chugureti district of Tbilisi, on auction.

    The first lot includes 6 buildings (Constitution Str. 4), which starting price makes up 900,000 lari.

17. REGULATING COMMISSION FINED “GEOCELL” WITH 5,000 LARI
    (Daily News: April 27, 2012)

    Georgia’s National Communication Commission imposed fine of 5,000 lari to mobile operator Geocell. The Commission said that the company had used some frequences without any license.

18. ILIA UNIVERSITY’S RESEARCH: “CITY STYLE GROUP”, “DEXUS” AND “NEW ERA” HAVE LOWEST PRICES ON “WHITE CARCASS” IN TBILISI
    (Daily News: April 27, 2012)

    According to Economic Research and Consulting Center of Ilia State University, Style Group, Dexus and New Era offer lowest prices on so-called “white carcass” in various districts of Tbilisi. In its turn, Beruka has highest prices in some projects.

19. Rezonansi: “ACCORDING TO SAMUSHIA, THE CITY HALL REFUSED TAXI TENDER DUE TO ELECTIONS”
    (Economic Press Monitor: April 27, 2012)

    As the newspaper notes, after holding tender on operation of rout taxis (so-called “marshrutkas”), Tbilisi City Hall planned to regulate activity of private taxis also. However, the City Hall denies changes in this sphere at this step.

20. Rezonansi: “IMMOVABLE PROPERTY “STARTED MOVING” ONLY IN SEVERAL REGIONS”
    (Economic Press Monitor: April 27, 2012)

    Expert Guram Palavandishvili estimates that price on real estate in Ajara has increased by 50%, if compared with the same period of previous year, and by 200%, if compared with 2008-2009. Cost of 1 square m in Batumi ranges within $2,500-3,000.

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